Fabricator Mike Caldarino uses a grinder on a steel stairs being manufactured for a high school in Redmond, Wash., at George Third & Son Steel Fabricators and Erectors, in Burnaby, B.C., on March 29, 2018. Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September. Statistics Canada says that October’s decline in GDP was the first in eight months. THE CANADIAN PRESS/Darryl Dyck

Canada’s GDP falls 0.1 per cent in October: Statcan

Statistics Canada says that October’s decline in GDP was the first in eight months

Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September.

Statistics Canada says that October’s decline in GDP was the first in eight months.

Economists had projected a flat GDP report for October compared with September, according to financial markets data firm Refinitiv.

Statistics Canada says the month included the biggest decline in retail trade since March 2016.

There were also declines in wholesale trade and manufacturing.

Those declines were only partly offset by an advance in the mining, quarrying and oil and gas extraction sector as well as transportation and warehousing services.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Police say Chilliwack driver who flipped car on overpass Sunday was impaired

Witnesses say rollover incident was preceded by vehicle and motorcycles speeding all over town

VIDEO: Chilliwack Tourism invites visitors to dream now and explore later

Celebrating Tourism Week with a look at Bridal Veil Falls near Chilliwack

Camo-clad man carrying guns arrested in Chilliwack

Turns out the guns were trigger locked and the man was subsequently released by RCMP

Board chair says Chilliwack trustee’s censure results from ‘egregious’ breach of ethics

Four forms of reprimand for Barry Neufeld after his Facebook post about Dr. Theresa tam

Facing changes together: Your community, your journalists

New platform allows readers to make a one-time or ongoing donation to support local journalism

Mission prison COVID-19 outbreak ends, 9 new cases in B.C.

New positive test at Port Coquitlam care home

Facing changes together: Your community, your journalists

New platform allows readers to make a one-time or ongoing donation to support local journalism

Pregnant B.C. woman catches COVID-19 days before giving birth

Michelle Hunter said it was like a horror movie when caught COVID-19

Spirit bear possibly spotted in West Kootenay

A local resident spotted the white-coloured bear while on an evening trail run near Castlegar on May 27

B.C. businesses ‘can’t shoulder burden’ of COVID-19 sick pay

Trudeau’s plan should be tied to federal emergency aid

B.C. teacher reprimanded for sharing homophobic and sexist memes, making racist comments

Klaus Hardy Breslauer was accused of making a laundry list of concerning decisions as a science teacher

Cloverdale youth pastor’s sexual-assault sentencing delayed

Samuel Emerson due to return to Surrey Provincial Court in August

COVID-19: B.C. too dependent on foreign food production workers

New B.C. job site links unemployed with farm, seafood work

Aldergrove drive-in theatre to reopen at 50-vehicle capacity, gets green light on concession

100 cars of people will now watch films, hoping to adhere to new provincial health 50-car capacity

Most Read